Financing international projects:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | Undetermined |
| Published: |
Geneva
Internat. Labour Office
1995
|
| Series: | International construction management series
3 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XV, 138 S. graph. Darst. |
| ISBN: | 9221087476 |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV026133005 | ||
| 003 | DE-604 | ||
| 005 | 20110228 | ||
| 007 | t | ||
| 008 | 110326s1995 d||| |||| 00||| und d | ||
| 020 | |a 9221087476 |9 92-2-108747-6 | ||
| 035 | |a (OCoLC)613301698 | ||
| 035 | |a (DE-599)BVBBV026133005 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | |a und | ||
| 049 | |a DE-188 | ||
| 100 | 1 | |a Price, Andrew D. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Financing international projects |c A. D. F. Price |
| 264 | 1 | |a Geneva |b Internat. Labour Office |c 1995 | |
| 300 | |a XV, 138 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a International construction management series |v 3 | |
| 650 | 0 | 7 | |a Bauindustrie |0 (DE-588)4004811-1 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Projektfinanzierung |0 (DE-588)4047425-2 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Projektfinanzierung |0 (DE-588)4047425-2 |D s |
| 689 | 0 | 1 | |a Bauindustrie |0 (DE-588)4004811-1 |D s |
| 689 | 0 | |5 DE-188 | |
| 830 | 0 | |a International construction management series |v 3 |w (DE-604)BV026132030 |9 3 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021722549&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-021722549 | ||
Record in the Search Index
| _version_ | 1804144577515356160 |
|---|---|
| adam_text | CONTENTS
Preface v
Acknowledgements vii
Part I. Principles of project financing
Chapter 1. Sources of finance 3
1.1 Introduction 3
1.2 Financing construction companies 3
1.3 Short-term finance 4
1.3.1 Working capital 4
1.3.2 Bank overdrafts 5
1.3.3 Trade credit 5
1.3.4 Factoring 6
1.3.5 Bills of exchange 7
1.3.6 Commercial papers 9
1.4 Medium-term finance 10
1.4.1 Finance houses 10
1.4.2 Sale and leaseback 11
1.4.3 Bank loans 11
1.5 Long-term finance 12
1.5.1 Retained profits 12
1.5.2 Share issues 12
1.5.3 Debentures 13
1.6 Project financing 14
1.7 Summary 15
References 16
Chapter 2. Mechanisms of international banking transactions
2.1 Introduction 19
2.2 Banking markets and capital markets 19
2.3 Domestic, international and multinational banking 20
2.4 Domestic, international and foreign bonds, and Eurobonds 21
2.5 Major activities of international banks 22
2.6 Loan documentation 22
2.7 International lending risks 23
2.8 Transactions, forward buying and selling 24
2.9 Summary 25
References 26
CONTENTS xi
1 1 Q
9.3 Associated risks j °
9.4 Case study: The Channel Tunnel lj?
9.5 Case study: The Malaysian North-South Highway ^
9.6 Case study: The Sydney Harbour Tunnel 21
9.7 Summary ltt
References ul
Chapter 10. Insurance and performance bonds 3
10.1 Introduction 12?
10.2 Insurance policy 2^
10.3 Disclosure of material facts 24
10.4 Insurance and liability 2
10.4.1 Negligence 125
10.4.2 Nuisance 125
10.4.3 Trespass 126
10.4.4 Strict liability 126
10.4.5 Breach of statutory duty 26
10.4.6 Vicarious liability 27
10.4.7 Product liability 127
10.4.8 Liability under contract 2?
10.5 Public liability insurance 2^
10.6 Accidental injury to workers 28
10.7 Professional indemnity insurance 29
10.8 Additional policies for construction work 130
10.8.1 Contractor s All Risks insurance (CAR) 130
10.8.2 Erection All Risks insurance (EAR) 31
10.8.3 Contract Works All Risks insurance 131
10.8.4 Insurance for Commercial Operations 131
10.9 Advance Loss of Profits insurance (ALOP) 132
10.9.1 Background 132
10.9.2 Typical ALOP policies 132
10.9.3 Underwriting information 134
10.10 Guarantees and bonds 135
10.11 Performance bonds 135
10.12 Other forms of bond 136
10.13 Summary 137
References 137
Figures
1.1 Service factoring 7
1.2 Undisclosed factoring 8
1.3 Bills of exchange 9
1.4 Factors influencing foreign partner investment 16
1.5 Factors influencing amounts contributed by equity and subordinate debt 16
3.1 Steps in completing a syndicated loan 32
4.1 Sponsor guarantee for subsidiary 50
4.2 Sponsor guarantee for external company 50
4.3 Third party direct guarantee 51
4.4 Take-or-pay contract 53
4.5 Throughput contract 55
5.1 International development agencies 62
5.2 World Bank Group structure 67
5.3 The World Bank project cycle 72
5.4 The KfW project cycle 81
5.5 The Asian Development Bank project cycle 82
5.6 Development stages for water supply and sanitation projects 83
xiv FINANCING INTERNATIONAL PROJECTS
6.1 Export credit analysis performed by the project promoter 94
7.1 Joint venture management structure 103
8.1 Cash involvement in barter deals 111
8.2 Money flow in barter deals 113
Tables
3.1 Syndicated loans by type of currency, 1987 and 1991 (percentages) 30
3.2 Top 25 syndicated loan providers, 1 January-30 June 1990 36
3.3 Top 25 syndicated loan arrangers, 1 January-30 June 1990 37
3.4 Top 25 syndicated loan providers, 1 January-31 March 1988 38
3.5 Top 25 syndicated loan arrangers, 1 January-31 March 1988 39
CONTENTS xv
Chapter 3. Syndicated commercial bank financing 29
3.1 Introduction to syndicated loans ^
3.2 Types of syndicated loan 30
3.3 Parties to a syndicated loan 31
3.4 Steps in completing a syndicated loan 31
3.5 Loan documentation 33
3.6 Background to Euromarkets 34
3.7 Recent trends 3:5
3.8 Case study 1: Pechiney 37
3.9 Case study 2: The Channel Tunnel 38
3.10 Case study 3: Markets in Malaysia 38
3.11 Summary 40
References 41
Part II. Sources of international project finance Chapter 4. Project financing from commercial sources 45
4.1 The role of the sponsor 45
4.2 Types of capital 45
4.2.1 Unsecured loans 46
4.2.2 Secured loans 47
4.2.3 Syndicated loans 47
4.2.4 Commercial finance companies 47
4.3 Normal balance sheet financing 47
4.4 Pure project financing 48
4.5 Performance bonds 49
4.6 Owner/sponsor guarantees 49
4.7 Third-party direct guarantees 51
4.8 Third-party indirect guarantees 52
4.8.1 Take-or-pay contracts 52
4.8.2 Throughput contracts 54
4.9 Case study: Manchester International Airport - Funding of Terminal 2 54
4.9.1 Funding policy 56
4.9.2 Sources of funds 56
4.9.3 Funding of Terminal 2 57
4.10 Summary 59
References 59
Chapter 5. Project financing procedures of development banks 61
5.1 Development projects 61
5.2 Sources of finance 61
5.3 Development banks 63
5.4 African Development Bank Group (AfDB Group) 64
5.5 Asian Development Bank (AsDB) 65
5.5.1 Funding policy 65
5.6 Inter-American Development Bank (IDB) 66
5.7 The World Bank Group 66
5.7.1 The IBRD 67
5.7.2 The IDA 68
5.7.3 The IFC 68
5.7.4 The MIGA 68
5.7.5 Types of project support by the World Bank 69
5.8 The World Bank approach to the project cycle 69
5.8.1 The project cycle 70
5.8.2 Project identification 71
* FINANCING INTERNATIONAL PROJECTS
5.8.3 Project preparation 73
5.8.4 Project appraisal 75
5.8.5 Project implementation 76
5.8.6 Project evaluation 78
5.9 Other approaches to the project cycle 80
5.10 Summary 80
References 84
Chapter 6. Soft loans, preferential loans and export credits 87
6.1 The export credit mechanism 87
6.2 Export credit insurance 88
6.3 Export credit financing 89
6.4 Services and cover provided by export credit agencies 89
6.5 Soft loans 91
6.6 The Aid and Trade Provision (ATP) 91
6.6.1 Criteria for assistance 92
6.6.2 ATP support 92
6.7 Evaluating export credit offers 93
6.8 Summary 95
References 95
Part III. Alternative approaches to financing
Chapter 7. Joint venture financing 99
7.1 Introduction 99
7.2 Contractual joint ventures 99
7.3 Equity joint ventures 100
7.4 Staffing 100
7.5 When to establish a joint venture 100
7.6 Participation 101
7.7 Prebid agreements 101
7.8 Management structure 102
7.9 Joint venture documentation 103
7.10 Differences in business philosophy 104
7.11 Summary 104
References 105
Chapter 8. Barter arrangements 107
8.1 Countertrade 107
8.2 Basic barter arrangements 108
8.3 Counterpurchase 108
8.4 Compensation 109
8.5 Switch trading 109
8.6 Offset 109
8.6.1 Technology transfer 109
8.6.2 Co-production, licensed production and subcontract production 110
8.7 Bilateral clearing 110
8.8 Construction barter arrangements 110
8.9 Case Study: Huaneng International Power Development Corporation 114
8.10 Summary 114
References 115
Chapter 9. Build-Operate- Transfer operations 117
9.1 Introduction 117
9.2 Establishing project viability 117
CONTENTS xiii
|
| any_adam_object | 1 |
| author | Price, Andrew D. |
| author_facet | Price, Andrew D. |
| author_role | aut |
| author_sort | Price, Andrew D. |
| author_variant | a d p ad adp |
| building | Verbundindex |
| bvnumber | BV026133005 |
| ctrlnum | (OCoLC)613301698 (DE-599)BVBBV026133005 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01373nam a2200349 cb4500</leader><controlfield tag="001">BV026133005</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20110228 </controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">110326s1995 d||| |||| 00||| und d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9221087476</subfield><subfield code="9">92-2-108747-6</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)613301698</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV026133005</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">und</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-188</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Price, Andrew D.</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Financing international projects</subfield><subfield code="c">A. D. F. Price</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Geneva</subfield><subfield code="b">Internat. Labour Office</subfield><subfield code="c">1995</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">XV, 138 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">International construction management series</subfield><subfield code="v">3</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Bauindustrie</subfield><subfield code="0">(DE-588)4004811-1</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Projektfinanzierung</subfield><subfield code="0">(DE-588)4047425-2</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Projektfinanzierung</subfield><subfield code="0">(DE-588)4047425-2</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Bauindustrie</subfield><subfield code="0">(DE-588)4004811-1</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="830" ind1=" " ind2="0"><subfield code="a">International construction management series</subfield><subfield code="v">3</subfield><subfield code="w">(DE-604)BV026132030</subfield><subfield code="9">3</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021722549&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-021722549</subfield></datafield></record></collection> |
| id | DE-604.BV026133005 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T23:05:46Z |
| institution | BVB |
| isbn | 9221087476 |
| language | Undetermined |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021722549 |
| oclc_num | 613301698 |
| open_access_boolean | |
| owner | DE-188 |
| owner_facet | DE-188 |
| physical | XV, 138 S. graph. Darst. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Internat. Labour Office |
| record_format | marc |
| series | International construction management series |
| series2 | International construction management series |
| spelling | Price, Andrew D. Verfasser aut Financing international projects A. D. F. Price Geneva Internat. Labour Office 1995 XV, 138 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier International construction management series 3 Bauindustrie (DE-588)4004811-1 gnd rswk-swf Projektfinanzierung (DE-588)4047425-2 gnd rswk-swf Projektfinanzierung (DE-588)4047425-2 s Bauindustrie (DE-588)4004811-1 s DE-188 International construction management series 3 (DE-604)BV026132030 3 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021722549&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Price, Andrew D. Financing international projects International construction management series Bauindustrie (DE-588)4004811-1 gnd Projektfinanzierung (DE-588)4047425-2 gnd |
| subject_GND | (DE-588)4004811-1 (DE-588)4047425-2 |
| title | Financing international projects |
| title_auth | Financing international projects |
| title_exact_search | Financing international projects |
| title_full | Financing international projects A. D. F. Price |
| title_fullStr | Financing international projects A. D. F. Price |
| title_full_unstemmed | Financing international projects A. D. F. Price |
| title_short | Financing international projects |
| title_sort | financing international projects |
| topic | Bauindustrie (DE-588)4004811-1 gnd Projektfinanzierung (DE-588)4047425-2 gnd |
| topic_facet | Bauindustrie Projektfinanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021722549&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV026132030 |
| work_keys_str_mv | AT priceandrewd financinginternationalprojects |